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Feb 17, 2013 2:00pm EST
. a policy on capping municipal bonds at 20%, i'm curious whether you will continue that policy? on the foreign investments in the real estate ask, whether you think the treasury department will complete that irs notice and take action, that would help jumpstart by the investments. >> administration's proposal would have eliminated the value of the top tax bracket of the 28%. it is not directed at municipal bonds or specific areas of tax activity. it is meant to be a placeholder that we should have tax reform. we need to make specific policies deciding what is in and what is out and what the property tax rates are. we put in the fall back saying that a tax -- does not happen, this is something that would help us get to the target that we need. i would be happy to follow up with you on these issues. the general proposition -- the hard decisions and tax reform will in many cases where there are many things that we are sympathetic to, but we have to curtail tax benefits to broaden the base. it is a general rule that there were a lot of -- that if there were easy decisions, tax refo
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